Minnesota Statewide Limited Energy Apprenticeship & Training Tr Fund
- Assets
- $1.9m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 8
- Location
- Fridley, MN
- Founding
- 09/2004
- Data as of
- 04/2023
- EIN
- 04-3754972
Organization Overview
Minnesota Statewide Limited Energy Apprenticeship & Training Tr Fund is located in Fridley, MN. The organization was established in 2004. According to its NTEE Classification (B30) the organization is classified as: Vocational & Technical Schools, under the broad grouping of Education and related organizations. As of 04/2023, Minnesota Statewide Limited Energy Apprenticeship & Training Tr Fund employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minnesota Statewide Limited Energy Apprenticeship & Training Tr Fund is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 04/2023, Minnesota Statewide Limited Energy Apprenticeship & Training Tr Fund generated $1.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $1.1m during the year ending 04/2023. While expenses have increased by 4.5% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
APPRENTICESHIP TRAINING FUND
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADMINISTERING APPRENTICESHIP AND TRAINING PROGRAMS FOR THE ELECTRICAL CONTRACTING INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Ferguson Trustee | Trustee | 1 | $0 |
Paul Augustine Trustee | Trustee | 1 | $0 |
Chad Kazung Trustee - Past | Trustee | 1 | $0 |
Sean Sannes Trustee | Trustee | 1 | $0 |
Donald Smith Trustee | Trustee | 1 | $0 |
Derrick Givens Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $120,000 |
| Government grants | $25,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $145,000 |
| Total Program Service Revenue | $1,475,396 |
| Investment income | $767 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,622,049 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $552,831 |
| Pension plan accruals and contributions | $78,413 |
| Other employee benefits | $92,040 |
| Payroll taxes | $39,443 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,122 |
| Fees for services: Accounting | $14,025 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,584 |
| Office expenses | $35,671 |
| Information technology | $20,230 |
| Royalties | $0 |
| Occupancy | $134,188 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $22,714 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,957 |
| Insurance | $21,906 |
| All other expenses | $393 |
| Total functional expenses | $1,131,885 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200 |
| Savings and temporary cash investments | $1,461,935 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $223,833 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,973 |
| Net Land, buildings, and equipment | $12,730 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $211,759 |
| Total assets | $1,914,430 |
| Accounts payable and accrued expenses | $5,909 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $236,939 |
| Total liabilities | $242,848 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $1,671,582 |
| Total liabilities and net assets/fund balances | $1,914,430 |